Modeled residential air source heat pump project

Capital cost: $2,918,313

Lifetime energy cost savings: $-1,088,059

Net lifetime savings: $-4,006,371

Benefit-cost ratio: -0.4

Number of homes: 103

Average proposed capacity per residence (Btu/hr): 15,929 Btu/hr

Excess generation capacity needed (kW): 215 kW

Expected average coefficient of performance (COP): 2.52

This component calculates the potential change in heating oil usage from the installation of new air source heat pumps in all residential buildings.